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Technology Stocks : The New Qualcomm - a S&P500 company

QCOM 161.39

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Jan 15 3:59 PM EST

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To: Dennis Roth who wrote (8715)	4/19/2000 8:41:00 PM
From: Dennis Roth	Read Replies (1) of 13582

Telekom bullish over U.K. 3G license totaltele.com By Kirstin Ridley, Reuters 19 April 2000 Telecoms heavyweight Deutsche Telekom AG vowed on Wednesday that it would win a British next generation cellphone licence but called on Brussels regulators to ensure an orderly award of airwaves across the continent. Chief Executive Ron Sommer told Reuters on the fringes of a Bonn news conference that Deutsche Telekom had talked "in general" to Brussels about broadband UMTS (Universal Mobile Telecommunications System) licences, as he urged the industry and regulators to "wake up". "I think it's important for everyone to wake up and ask the proper questions and hopefully find an answer," he said, adding that further discussions with European reglators and individual governments were urgently needed. "Are we on the right track to give away licences in Spain and (yet) ask for tremendous amounts of money through bidding in the UK - and what does it mean for the future competitiveness of Europe in the information age?" he asked. While Spain has held a so-called "beauty contest" to award UMTS licences, that will allow mobile phones to offer services such as high speed Internet access and video conferencing on the move, Britain is holding a high stakes auction. Bids in Britain for five licences on Wednesday rose to almost 22 billion pounds - over four times analyst forecasts - as companies scrambled to win fresh spectrum and position themselves for a third generation of mobile services. Sommer said he was "obviously concerned" about the licence awards as One2One, the British cellphone group owned by Deutsche Telekom, bid a hefty 3.9 billion pounds for a licence. "There is no question that we will get a licence in the UK for One2One," Sommer said. "But we are also talking about tremendous amounts of cash that we are investing...and the question for the British government to ask is 'is this the right way to prepare Europe for the most important industry of the 21st Century?' "And shouldn't this gigantic amount of money be rather going into developing applications in the market for UMTS?"

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